Magnetic Nanoparticle Market Size, Trends, Scope and Growth Analysis to 2030 – The Greater Binghamton Business Journal


The global magnetite nanoparticle market size was estimated at 43.9 million USD in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 10.3% from 2021 to 2027. Increasing demand for the product in application industries such as biomedical, electronics, data processing sewage and energy is expected to drive the market.

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Global Magnetic Nanoparticle Market Dynamics

The magnetite nanoparticle market has seen enormous growth potential in recent years thanks to the continuous research and development activities in the field. The product is expected to gain popularity due to its superparamagnetic properties and diverse applications in several industries. The companies are continuously engaged in offering magnetite nanoparticle products by using innovative and advanced methods to comply with the demands of customers from different application industries.

The growing importance of the product in the biomedical industry due to its biological properties is expected to encourage several research laboratories and commercial manufacturers to invest in extensive R&D activities and explore the potential applications of the product. Additionally, the market is expected to witness growth owing to the increasing penetration of the product in the medical industry for drugs and therapy and microfluidics, drug delivery, and Vivo imaging.

Iron oxide nanoparticles are expected to experience substantial growth due to their unique properties such as high surface area, superparamagnetic, surface to volume ratio, and easy separation methodology. Several physical, biological and chemical methods are adopted to synthesize magnetic nanoparticles, which show great potential in various industries. Nanosolutions and powders containing nanoparticles are widely used to separate impurities from water, as nanomaterials offer high recyclability and are characterized by large surface area.

Major raw materials such as surfactants, polymers, ferric chloride, sodium hydroxide and magnetite affect the synthesis of magnetite nanoparticles. The uncertainty and volatility of raw material prices also have an impact on the overall manufacturing cost of the final product. Regulations on the manufacture and application of magnetite nanoparticle products by international regulatory associations such as the United States Environmental Protection Agency (EPA) and the registration, evaluation, authorization and the restriction of chemicals (REACH) in Europe should affect the supply of raw materials. This, in turn, is expected to influence the magnetite nanoparticles market over the forecast period.

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Report scope

The study categorizes the application based on Magnetic Nanoparticles Market and regions.

By Outlook app (thousand units, turnover, million USD, 20172027)

  • Bio-medical
  • Electronic
  • Wastewater
  • Energy
  • Others

Outlook by region (Thousand Units, Revenue, USD Million, 2017-2027)

  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)

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The biomedical segment expected to represent the fastest growing market, by application

The biomedical segment is expected to grow at a CAGR of 10.9%, in terms of revenue, during the forecast period. The medical diagnosis of several diseases is expected to see an increase due to affordable health plans provided by private organizations and the increase in average life expectancy. An increase in life-threatening and chronic disorders is expected to increase the demand for the product over the forecast period. The application of magnetite nanoparticles is witnessing significant growth owing to the increasing penetration of the product in the form of nanowires, spintronics and quantum dots in the nanoelectronics industry. Also, the rapid developments in the electronics industry on the growing demand for high-tech products are expected to positively impact the product demand during the forecast period.

The energy segment was valued at USD 2.8 million in 2018 due to the increasing use of the product in photovoltaic film coatings, batteries and fuel cells. Moreover, nanomaterials are widely used in research activities to obtain prototypes of efficient solar panels, thermoelectric materials and nano-bioengineering of enzymes. Magnetite nanoparticles are used in high gradient magnetic separation (HGMS) techniques for wastewater treatment due to their high adsorption properties. Other benefits of using the product for wastewater treatment include reduced sludge generation and transport and reduced disposal costs.

Regional outlook

The North American economy is characterized by great diversity due to major developed and advanced economies such as the United States and Canada. Continuous efforts in the research and development of magnetite nanoparticles to explore the potential applications of the products in various end-use industries are expected to boost this regional market during the forecast period.

The growing health awareness in Germany has led to an increased demand for clinical analyzes and therapeutic solutions. The increasing adoption of magnetite nanoparticles for the diagnosis and treatment of various medical conditions such as cancer and brain tumors is expected to increase their demand in biomedical applications in Europe.

Substantial growth in the electronics industry in the Asia-Pacific region owing to the presence of a notable semiconductor industry is expected to positively impact the demand for magnetite nanoparticles in electronics applications over the period of forecast. Rising demand for microelectronics and nanoelectronics products to increase the use of advanced devices is further expected to augment the market growth.

The Central and South America (CSA) market for magnetite nanoparticles is expected to grow slowly due to political instability. This factor is expected to restrain the regional market despite growing capabilities due to inexpensive labor and floor space for manufacturing and research facilities.

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Key companies and market share information

The magnetite nanoparticle market is characterized by the presence of local but also regional players. Some of the market players include Nanografi Nano Technology, US Research Nanomaterials, Inc., and Nanoshell LLC. Market players are offering customized products to compete in the market.

For example, Strem Chemicals, Inc. and American Elements provide magnetite nanoparticles with standard and custom technical specifications to better meet customer needs. The growing inclination of market companies towards development and implementation of new technologies in different application industries is expected to increase the demand for magnetite nanoparticles. Some of the major magnetite nanoparticle market players include:

  • Nanografi Nanotechnology
  • US Research Nanomaterials, Inc.
  • Nanoshell LLC
  • Strem Chemicals, Inc.
  • american element
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